Center for Responsible Lending

I've realized that Patrick McHenry has been a water carrier for banking interests. What I hadn't realized was how low McHenry, along with Dick Armey's army, would go in serving his corporate paymasters.

According to Credit Union Times:

Representative Patrick McHenry (R-NC) has written Rep. Barney Frank (D-Mass), Chairman of the House Financial Services, seeking a hearing on the issue of individuals and organizations allegedly using non-profits to manipulate real estate and other markets.

As an example of this possible manipulation, McHenry used the Center for Responsible Lending, an affiliate of the Durham, North Carolina based Self Help Credit Union.

The basis of McHenry's complaint is a bogus report February 21st by the Consumer Rights League a front group for the predatory lending industry operating out of FreedomWorks national HQ whose sole purpose appears to be attacking the Self Help Credit Union and, in particular, the affiliated Center for Responsible Lending (with, no mere coincidence, the same acronym, CRL) calling it a "predatory charity".

Yall already knew the the Center for Responsible Lending was awesome. But you probably don't realize how awesome.

Let's just say there is a reason why North Carolina leads the nation in consumer protection against predatory lending. Based in Durham, CRL's efforts to defend blue collar folks from white collar greed extend well beyond North Carolina's borders.

“The proposed rule is worse than I could have ever imagined,” Eakes seethed in his Southern drawl. “I had thought that the Bernanke Fed would be different, [but] it is the most pathetic response to a serious crisis that I have seen from any regulator in my adult career.”

From politico.com: